Precision Valves acquired by Texas-based equity firm

An affiliate of Peak Rock Capital, an Austin, Texas based private equity firm, has acquired Precision Valve Holdings, a global manufacturer of aerosol valves, custom actuators and other dispensing solutions.

Founded in 1949 by the inventor of the aerosol valve, Precision Valve is one of the world's largest producers of valves, actuators and related dispensing solutions. The company operates a global network of facilities spanning sixteen countries on six continents, serving a diverse customer base comprised of many of the largest multinational consumer packaged goods companies. The company supplies a variety of end markets, including personal care, household, food & beverage, industrial and pharmaceutical.

Doug Hind, CEO of Precision Valve, comments: 'Precision Valve has been at the forefront of the aerosol valve industry since the company's inception. We are eager to work with Peak Rock to execute transformational initiatives and investments, especially in innovation and new product development, as we pursue continued growth in partnership with our customers, suppliers and employees.'